The US Dollar weakened on Thursday hit by the recent decline in the GDP figures while US stocks extended the rally as investors’ worries are fading away. All major indexes were up on Thursday, with the Nasdaq entering a bull market after advancing more than 20% from December’s low. Later today, traders will be looking …
The US Dollar traded slightly higher on Wednesday due to the lack of economic releases, while US stocks rallied as banking concerns continue to ease. All major indexes closed higher yesterday, the S&P500 rose by 1.4%, the Dow was up 1% and the Nasdaq gained 1.8%. As of today, traders will be looking for the …
US stocks closed slightly higher on Monday as banking crisis fears eased following the recent Silicon Valley bank deal. First Citizens agreed to buy SVB assets while technology shares declined to limit Monday’s gains. The S&P500 index rose by 0.2%, the Dow was up 0.6% while the Nasdaq lost 0.5%.On the other side, Gold traded …
Deutsche Bank is a German multinational investment bank and financial services company headquartered in Frankfurt, Germany. It is one of the largest banks in the world, with operations in more than 70 countries and a global workforce of around 84,000 employees. Founded in 1870, Deutsche Bank offers a wide range of financial products and services …
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All major US indexes edged higher on Thursday despite rising volatility as investors remain cautious about the FED’s next move. Stocks were up before retreating at the end of the day, the downturn started a few moments before Treasury Secretary Janet Yellen’s speech.Yellen said that the government has used important tools to act quickly to …
The Federal Reserve raised interest rates by 25 bps on Wednesday as the Fed remains cautious about the recent banking crisis. US stocks turned sharply lower after being in positive territory, at the same time, the US Dollar weakened across the board while Gold rallied to reach the 1978 level. The central bank said that …
Global stocks closed higher on Monday after UBS took over Credit Suisse which helped to ease investors’ fear. All three US indexes managed to end the day in positive territory with the Dow Jones gaining 1.20%, the S&P 0.89%, and the Nasdaq 0.39%. Meanwhile, gold rallied reaching the highest level for this year at $2010 …
The ECB raised interest rates by 50bps on Thursday and will be closely monitoring future inflation developments in the Euro area to decide its next move.
In the US, the three major indexes closed higher as First Republic Bank and Credit Suisse secured funding of $30 billion and $54 billion respectively. In the FX market, the US Dollar was down yesterday, heading for a modest decline ahead of the weekly close.
Credit Suisse shares crashed on Wednesday reaching a record low of 1.56 Swiss francs per share after the Saudi National Bank which is considered the largest shareholder said it will not prove more funding to the Swiss bank due to regulations that limit the shareholding stake at 10%. This statement added fear to investors which …
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It is important for a trader to know and understand the difference between spot contracts and futures contracts and it will be explained below: Urgent or immediate, which is the price of the current moment, and it is organized through its own market These markets have their users according to their needs, whether traders or …
The Difference Between Spot Contracts and Futures Contracts Read More »